Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: C

CALL ON THE WORST OF N-ASSETS

An OVERTHECOUNTER COMPLEX OPTION that grants the buyer a payoff based on the difference between a predefined STRIKE PRICE and the worst performing ASSET in a PORTFOLIO. See also CALL ON THE

CALLING PARTY PAYS (CPP)

A billing method in which a wireless phone caller pays only for making calls and not for receiving them. The standard American billing system requires wireless phone customers to pay for all

CANCELLABLE SWAP

An OVERTHECOUNTER SWAP structure that gives either party involved in the swap the OPTION to terminate the transaction at a future date. See also CALLABLE SWAP, PUTABLE SWAP.

CAPITAL SURPLUS

Capital surplus (also referred to as additional paid in capital, paid in capital in excess of par or share premium, is an accounting term which frequently appears as a balance sheet item

CAPITATED CONTRACT

A healthcare plan that allows payment of a flat fee for each patient it covers. Under a capitation, an HMO or managed care organization pays a fixed amount of money for its

CARBIDE

Calcium carbide (CaC2), used to generate acetylene by reaction with water and formerly used in portable lamps.

CARD NOT PRESENT

A card not present transaction (CNP) is a credit card purchase made over the telephone or over the Internet where the physical card has not been swiped into a reader. It is

CAREER STAGES

Stages in a career which might indicate time for a promotion or change.

CARRIER LIABILITY

A common carrier is liable for all shipment loss, damage, and delay with the exception of that caused by act of God, act of a public enemy, act of a public authority,

CASH BASIS ACCOUNTING

Two primary accounting methods, cash and accrual basis, are used to calculate taxable income for U.S. federal income taxes.

CASH DISBURSEMENT

Any moneys (e.g., checks, cash, warrants, credit or debit card amounts, and EFTs (Electronic Fund Transfers) paid by the state during a period regardless of when the related obligations are incurred.

CASH FLOWS FROM FINANCING ACTIVITIES

Cash flow that is generated (or reduced) from the sale or repurchase of securities or the payment of cash dividends. It is the third section presented in the statement of cash flows.

CASH POOLING

Combining of securities and cash to maintain solvency by a company seeking to avoid expensive damages.

CASHOUT

1. Using a larger loan to pay off a smaller loan. 2. Converting an asset into cash by the sale of that asset.

CATCH LINE

An important part of branding or identification or image. A simple, catchy phrase usually tied to a logo or brand; Embodies the appeal or purpose of a firm or a product; when

CENTRAL BANK

Empowered by the national government to manage and execute key monetary functions: (1) issue, manage, and preserve the value of the country’s currency; (2) regulate the money supply; (3) supervise and provide

CEO CONFIDENCE SURVEY

A monthly survey of one hundred CEOs across the United Sates in various industries. It is a measure of the economic future as seen by these CEOs. The data collected is their

CERTIFICATE OF SUBSTANTIAL COMPLETION

When a certain construction project is near to fulfilling the terms, conditions, and specifications of the job contract, an authorized architect and/or an engineer certifies this condition by issuing this document and

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